Vermont Senator Bernie Sanders unveiled his latest ‘Medicare for All’ proposal Wednesday; announcing his plan to transform Medicare into a full-fledged universal healthcare program during a four-year transition that would eliminate private insurance companies.
“Sanders’ plan is the most ambitious by far of Democrats’ slate of bills aimed at expanding health coverage, proposing a total restructuring of the the national health care system that would effectively eliminate employer sponsored insurance and other government programs like Medicaid,” reports Politico.
Sanders’ plan would also bar employers and businesses from providing healthcare options that compete with the government-run insurance scheme.
While the proposal doesn’t specify the associated costs, experts say the program would likely cost $30 trillion over the next decade.
Read the full report at Politico.